Courses of Study 2022-2023 
    Jul 17, 2024  
Courses of Study 2022-2023 [ARCHIVED CATALOG]

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PAM 2000 - Intermediate Microeconomics


Spring. 4 credits. Letter grades only.

Forbidden Overlap: due to an overlap in content, students will not receive credit for both and ECON 3030  and PAM 2000.

Prerequisite: ECON 1110  or equivalent.

B. Tripp.

Topics include theory of demand and consumer behavior including classical and indifference curve analyses; theories of production and cost; models for the following markets-competitive, monopoly, monopolistic competition, oligopoly, and inputs; general equilibrium; welfare economics; public goods; and risk.

Outcome 1: Employ budget constraints and consumer theory to analyze a wide variety of topics, including income effects, substitution effects, two-period models, team production, and the principle-agent problem.

Outcome 2: Use the models of perfect competition to analyze both short and long run equilibrium.

Outcome 3: Use the tools of game theory to analyze strategic pricing, output decisions, campaign spending, advertising, and so on.

Outcome 4: Explain and apply the models of microeconomics to topics covered in general interest news, topics of political interest, and to a current events.

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